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HomeSend Capital Contribution

23rd Jun 2021 07:00

RNS Number : 7343C
Wameja Limited
23 June 2021
 

 

 

Wameja Limited ("Wameja")

 

HomeSend Capital Contribution

23 June 2021

 

Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, advises that it has today subscribed for a further €1,410,588 of shares in HomeSend SCRL. The equity contribution is part of a €4,000,000 capital raise with Mastercard contributing the balance in proportion to its interest in HomeSend SCRL. The funds from the capital raise are to be used to support the operational expenses of the HomeSend 2021 business plan and its minimum equity requirements for H2 2021.

 

This contribution substantially satisfies the Cash Reserve Requirement under the Scheme Implementation Agreement with Burst Acquisition Co. Pty. Ltd, a company controlled by Mastercard as announced on 10 September 2020 and amended on 9 April 2021, 24 May 2021 and 18 June 2021. The Cash Reserve Requirement is now €89,422.

 

Authorised by:

 

Tom Rowe

Company Secretary

[email protected]

 

 

For further information, please contact:

Wameja Limited

www.wameja.com

John Conoley, Non-Executive Chairman

Tom Rowe, Company Secretary

 

[email protected]

finnCap Limited (Nomad and Broker)Corporate Finance: Jonny Franklin-Adams / Charlie Beeson

Corporate Broking: Tim Redfern / Richard Chambers

 

www.finnCap.comT: +44 (0) 20 7220 0500

About Wameja

Wameja and Mastercard are joint venture partners of the HomeSend global payment hub. HomeSend enables cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world. As a founding partner in the HomeSend hub, Wameja helped conceive and bring the opportunity to market.

 

 

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